Cincinnati School District Board of Education v. Hamilton County Board of Revision

{¶ 1} This is an appeal from a decision of the Board of Tax Appeals (“BTA”) in a real property valuation case. The BTA affirmed the reduction ordered by the Hamilton County Board of Revision (“BOR”), which was based on the price paid by Fenco Development Company in a foreclosure sale. The Cincinnati School District Board of Education (“school board”) contends that the sale price was not indicative of value because the foreclosure sale did not qualify as an arm’s-length transaction. Additionally, the school board argues that the corporate taxpayer’s president engaged in the unauthorized…